Latest News Updates From Chester Dawson

Cintas said its new bid implies a total value of about $5.2 billion. It represents a 62% premium to the stock’s last closing price after shares fell in the wake of the last offer being rebuffed in March.

The company is among a handful of startups developing electric vertical takeoff and landing vehicles to fly customers on short commuter journeys via battery-powered air taxis.

The Transportation Department and the FAA have said they relied on data, including reports from pilots of controller responsiveness, to make the decision to reduce flights.

CFO Claire McDonough said the EV maker anticipates starting construction on the Georgia factory next year and seeking reimbursement from a Department of Energy loan once it’s completed.

Rivian Automotive agreed to pay $250 million to settle an investor lawsuit against the electric vehicle maker, saying it’s eager to put the legal wrangling behind it. 

Honda and Helm.ai will collaborate on producing advanced driver assistance systems for Honda’s vehicles by 2027.

Air taxi startup Joby Aviation expects to have five aircraft in one of the final phases of certification next year as it aims to start commercial flights in early 2026, according to its CEO.

Air taxi startup Joby Aviation plans to double aircraft output capacity at its main production site in California, just weeks after completing its first piloted test flights.

Toyota Motor is tapping the brakes on plans to build electric vehicles in the U.S. to free up manufacturing capacity for a popular gas-powered SUV.

Honda said June 17 it plans to start small-scale production this year of an all-electric quadricycle, called the FastPort eQuad, for last-mile delivery in North America and Europe.